{
  "url": "https://classa.info/cities/toronto",
  "title": "Toronto Class A Office Market",
  "description": "Canada's deepest premium office market.",
  "oneSentenceAnswer": "Toronto Class A office rents around C$78/sqft/yr · ≈ $57.7 PSF/yr USD, with 17.6% vacancy and 18 months of typical rent-free on a 10-year term.",
  "tldr": [
    "Financial Core holds the densest trophy cluster in Canada.",
    "The PATH connects ~30 trophy assets underground.",
    "Recent CIBC SQUARE delivery reset trophy benchmarks.",
    "Class A vacancy 16-19% — tenant-favorable cycle.",
    "Bay Street remains the most prestigious address."
  ],
  "keyFacts": {
    "city": "Toronto",
    "country": "Canada",
    "region": "Americas",
    "classARentLocal": "C$78/sqft/yr · ≈ $57.7 PSF/yr USD",
    "classARentUsd": "$57.72/sqft/yr",
    "vacancyPct": "17.6%",
    "typicalLeaseYears": 10,
    "typicalRentFreeMonths": 18,
    "submarkets": 6,
    "corporateTaxPct": "26.5%",
    "talentIndex": 80
  },
  "faqs": [
    {
      "question": "What is the PATH?",
      "answer": "Toronto's underground pedestrian network connecting roughly 30 trophy office assets, Union Station, and major retail. It materially extends the effective amenity reach of any single Financial Core address."
    }
  ],
  "pageType": "city",
  "lastUpdated": "2026-04-15T00:00:00.000Z",
  "license": "CC BY 4.0 with attribution to Class A Atlas (https://classa.info).",
  "citation": "Source: Class A Atlas (https://classa.info/cities/toronto), updated 2026-04-15T00:00:00.000Z."
}